Bloomberg For years, Facebook Inc lobbied governments against imposing tough regulations, warning in some cases that they could harm the company’s business model. Now, it’s pleading for new rules for the good of its business. In a white paper, Facebook detailed its push for internet regulation, calling on lawmakers to devise rules around harmful content, a different model for platforms’ ...
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Bolton warns of ‘censorship’ of his White House memoir
Bloomberg Former National Security Advisor John Bolton raised alarm the Trump administration could block his memoir that describes his interaction with the president over Ukraine. “I hope it’s not suppressed,†Bolton said in a talk at Duke University in Durham, North Carolina. “This is an effort to write history, and I did it the best I can. We’ll have to ...
Read More »Ghani wins Afghan presidential vote
Bloomberg Afghanistan’s incumbent president, Ashraf Ghani, has been declared the winner of a disputed presidential vote that’s been tainted by accusations of vote-rigging. Ghani led the poll with 50.64% of the vote, defeating his top rival Abdullah Abdullah who obtained 39.52% in the bitterly contested poll started on September 28, Hawa Alam Nuristani, the chairwoman of the election commission, said. ...
Read More »Johnson aide quits after black inferiority storm
Bloomberg An adviser to Boris Johnson quit the British government just a few days into the job after a storm over his claims that white Americans are more intelligent than their black compatriots. Andrew Sabisky, who was hired to work in Johnson’s Downing Street office last week, said he had joined the government to do “real work†but found himself ...
Read More »Merkel party chief to hold succession talks
Bloomberg The battle over who succeeds Angela Merkel as the next German chancellor candidate entered a crucial phase on Tuesday when the outgoing head of her Christian Democratic Union (CDU) would hold talks with a leading CDU politician to take over as party chief. Annegret Kramp-Karrenbauer, who blew open the race to replace Merkel last week by announcing that she ...
Read More »Bloomberg’s rise in US poll race provides foil for Sanders
Bloomberg Michael Bloomberg’s sudden arrival in the Democratic spotlight has put him under new scrutiny from all of his opponents. But Bernie Sanders has taken him on with unparalleled zeal. Sanders is holding up Bloomberg as the embodiment of everything the democratic socialist rails against. He is a billionaire with ties to Wall Street who is self-funding his campaign. His ...
Read More »Manila to allow workers to return to HK, Macau
Bloomberg The Philippines will allow citizens employed in Hong Kong and Macau to return to their jobs, partially lifting a ban imposed earlier to prevent the spread of the coronavirus. A government task force decided to exempt those working in Hong Kong and Macau from the travel ban “subject to certain formalities,†Foreign Affairs Undersecretary Brigido Dulay said on his ...
Read More »The reemergence of moderate Democrat
For all the thunder on the Bernie Sanders left, the most interesting trend in the Democratic campaign this year may be the reemergence of the moderate wing of the party, led by charismatic new voices, “Mayor Pete” Buttigieg and Sen. Amy Klobuchar. In our barbell view of politics, where all the weight seems to be at the two ends, this ...
Read More »Lagarde’s $186bn coronavirus fear
An infection typically hits the vulnerable hardest — and in the new coronavirus outbreak this might apply economically too. For all the geographical distance between Europe and China, the euro zone has much to fear from its spread. The disease is another challenge to the export-driven model of the monetary union, which was already struggling with the global lurch towards ...
Read More »UK bond vigilantes grab your saddles with Sunak in charge
Last week’s shock resignation of Sajid Javid from his perch as UK chancellor of the exchequer is widely expected to facilitate a more profligate fiscal stance by the government. If the well-flagged increase in spending isn’t accompanied by higher taxes, bond yields could well head higher — especially if the Bank of England responds by adopting a more hawkish stance ...
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